Renovation activity to rise next year

Font size :
Keen to renovate? You’re not alone: more than one-quarter of Australians are expected to upgrade their homes or investment properties over the next year.

The work and business opportunities for those who are in the renovation trade sector are expected to increase as a result, with a recent survey by ServiceSeeking.com.au showing that 26% of Australian property owners are planning to renovate.

According to ServiceSeeking.com.au CEO Jeremy Levitt, renovation is big business at the moment, with a lot of work available for plumbers, painters, and carpenters.

“Homeowners love to update, experiment, and change their surroundings so there is always plenty of work around for tradies,’’ said Levitt.
Historically, 54% of the homeowners in the country have renovated their homes at one point, which makes it a common practice for Aussies.

Successful television programs on renovation, like House Rules, The Block, and Selling Houses Australia, might also be prompting homeowners to take the plunge on redesigning their homes.

Aside from getting satisfaction from a newly renovated space, Aussies are also renovating for monetary rewards. With the continuing surge in the property market due to low interest rates, these homeowners may be able to sell their properties for a higher value after renovation.
 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Sunday, Sep 24, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords